Two cops who share a devotion to their work—and to each other—suddenly find themselves caught in a tangled web of unspoken passions, lies and accusations when they each become suspects in a brutal mob-style murder.

Big Steve Halloway, gambler and proprietor of New York's Horseshoe Cabaret, is in desperate need of money. He arranges for his fellow bookies, especially Sorrowful Jones, to each pay him $1,000 for his racehorse, Dream Prince, to lose. With all bets being placed at the window, Sorrowful encounters a gambler, having lost $500, wanting to place his bet but unable to come up with $20. Instead, he places his little girl, Marthy Jane, as security, or in bookie's terms a "marker". "Marky", as she comes to be known, winds up under the care of Sorrowful Jones and his lady friend, singer Bangles Carson.

Set in Prohibition era Chicago, bootlegger Robbo and his cronies refuse to pay the greedy Guy Gisborne a cut of their profits after Guy shoots mob boss Big Jim and takes over. When Big Jim's daughter, Marian, gives Robbo a large sum, believing he has avenged her father's death, the gangster donates to an orphanage, cementing his reputation as a softhearted hood.

An elderly woman provides an alibi to a man she scarcely knows who is on trial for murder of his girlfriend's racketeer father.

A compulsive gambler learns about a horse race that is going to be fixed, and tries to capitalise on it. Meanwhile, his friend gets into trouble over a bag containing Rs 50 lakh cash.